Chance to Soar

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

Aletha Scheck

Phone

8179145539

Tax Period

2024-01-01 to 2024-12-31

Chance to Soar, founded in 2018, is a micro nonprofit that reported $2K in total revenue in fiscal year 2024. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $7K exceeded revenue, resulting in a 309% operating deficit.

Mission

The mission is to inspire and equip schools to create a culture of inquisitive students who seek to embrace possibility without boundaries in order to achieve their goals.

Program Service Accomplishments

Program 1

The organization was winding down operations in 2024 and did not offer any programs.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,000

Program Service Revenue $0

Investment Income $-366

Other Revenue $0

TOTAL REVENUE $1,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,687

TOTAL EXPENSES $6,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,634	$26,424	-0.9%
Expenses	$6,687	$179,910	-1.0%
Net Income	$-5,053	$-153,486	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Eldridge	Chairman	0.25	Director	$0	$0	$0
Andra Barton	Vice President	0.50	Officer	$0	$0	$0
Aletha Scheck	Secretary/Treasurer	0.50	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,634	$6,687	No data	$-5,053
2023	$26,424	$179,910	$6,431	$-153,486
2022	$260,607	$297,375	$163,115	$-36,768
2021	$245,901	$305,538	$198,091	$-59,637
2020	$297,057	$210,287	$255,199	$86,770
2019	$341,356	$273,900	$164,340	$67,456
2018	$138,906	$36,412	$102,962	$102,494